SecureOption Choice
The SecureOption Choice is a great investment for anyone looking to secure a stable financial future. This product, issued by Minnesota Life Insurance Company, offers guaranteed interest throughout the term of the annuity - meaning no market risk. It features competitive rates, attractive liquidity, and easy withdrawal options making it an excellent choice for a worry-free retirement.
Want more reasons to love this product? It offers flexible guarantee periods ranging from 3 to 9 years. Not to mention, once you've passed the first year, you can enjoy 10% free annual withdrawals. With SecureOption Choice, it's all about choices and flexibility for your peace of mind.
SecureOption Choice
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.4% |
| 5 years | 4.6% |
| 7 years | 4.7% |
| 9 years | 4.7% |
- Competitive rates
- Attractive liquidity features
- 3-, 5-, 7- and 9-year guarantee periods
- 10 percent free annual withdrawals after the first year
An adjustment applied upon withdrawal/surrender/annuitization to reflect changes in market conditions between contract issue and the date of withdrawal. An MVA can either increase or decrease the amount withdrawn from the annuity’s value.
- Applies only during the Surrender Charge Period on amounts in excess of the Free Withdrawal.
- A positive MVA will never exceed the amount of Surrender Charge assessed on the withdrawal or surrender.
- A negative MVA will not exceed the excess interest (interest in excess of the guaranteed minimum interest) earned on the applicable Guarantee Period. Any limitation will apply in both the positive and negative direction.
- 10% of prior contract anniversary value (not available in 1st contract year)
- RMD amount, if greater (all years)
Riders
No Riders for SecureOption Choice annuity.
Waivers
Hospital
After 1st contract anniversary - medical care stay (confinement of at least 90 days)
Terminal Illness
Life expectancy of 12 months or less
Annuitization
Note: Does not apply to (MVA) Market Value Adjustment
- A.M. Best A+
- Fitch AA
- S&P AA-
- Moody's Aa3
- Comdex 96
